Struggling Clayton Williams Pins Hopes on Delaware Basin

Struggling Clayton Williams Pins Hopes on Delaware Basin

Clayton Williams Energy Inc. has agreed to sell “substantially all” of its assets in the Giddings Area in East Central Texas for $400 million to an undisclosed buyer as it continues a “transformation” embarked upon earlier this year. The deal will make the company a Permian Basin pure-play.

October 25, 2016

Clayton Williams Monetizes Texas Assets

Midland, TX-based Clayton Williams Energy Inc. (CWEI) has struck a deal with a financial investor to monetize 95% of its Wolfberry oil and gas reserves, leasehold interests and facilities in Andrews County, TX, for $214 million. Proceeds will be used to reduce debt.

April 22, 2013
Energy & Exploration Expands Eaglebine Footprint

Energy & Exploration Expands Eaglebine Footprint

Energy & Exploration Partners Inc. (E&E) on Monday acquired 57,275 net acres and 11 producing wells in the East Texas Eaglebine formation from a subsidiary of Chesapeake Energy Corp.

April 16, 2013

IHS Analysis: Eagle Ford Is a Bakken Beater

Typical well performance as well as peak-month production of the Eagle Ford Shale’s best wells exceeds those for wells drilled in the Bakken Shale, which is often considered the tight oil standard, according to the “IHS Herold Eagle Ford Regional Play Assessment.”

July 30, 2012

Industry Brief

Clayton Williams Energy Inc. (CWEI), an independent energy company based in Midland, TX, has entered into an agreement with Chesapeake Exploration LLC in the Delaware Basin oil play. Under the terms of the agreement, CWEI can earn 75% interest in leases held by Chesapeake on about 75,000 net acres in southern Reeves County, TX. CWEI will drill at least 20 earning wells in the first year and have an option to drill an additional 20 wells per year during the next four years to earn all of Chesapeake’s acreage. CWEI will also carry Chesapeake for one-quarter of the costs in earning wells, which will earn CWEI a 75% interest in 640 net acres. Subsequent wells in an earned area will be drilled on a heads-up basis. CWEI will receive credit towards its annual drilling obligations for drilling more than 20 earning wells in any year.

March 28, 2011